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Thursday, 08/12/2004 1:08:44 PM

Thursday, August 12, 2004 1:08:44 PM

Post# of 396422
SIRI, travelling on the support…

Hi !

Siri is testing the support level again, yesterday’s low (2.21) is being the intraday support level, but the descending main support is now on the 1.98 zone… waiting to be tested again.

Momentum is oversold on RSI indicator, and the long term pattern is intact.

It’s important to remember the 1.56 price target (projection of the broken long term support in June).

I hold part of my short positions, probably I’ll close some of it below 2.00 and leave the rest for lower lows…

PS: Take a look at my SIRI Technical Chart plan here, in order to understand this post:
http://globalspeculators.com/trading_futures/index.php?topic=28.0

Best regards,

Jesse Livermore

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